In December 2024, over two billion payments were processed via the EBA CLEARING services, he company said in a press release. Traditionally a peak month, December 2024 set new records all around.
For the first time ever, the EBA CLEARING services processed a daily average volume of over 100 million transactions. The majority of those transactions went through STEP2 SDD Core with an average daily volume of 48.6 million, STEP2 SCT with a daily average volume of 32 million, and STEP2 CC with a daily average volume of 17.3 million.
With 3.5 million transactions processed on average per day, instant payment service RT1 reached a new record high in December as well.
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EBA CLEARING is a provider of pan-European payment infrastructure solutions. Founded in 1998, the Company is owned by 48 of the major banks operating in Europe and based on a country-neutral governance model. The payment systems of EBA CLEARING are pan-European by design and desire: they are developed in close co-operation with the Company’s multinational user community and best-of-breed technology partners.
EBA CLEARING manages two Systemically Important Payment Systems, the large-value euro payment system EURO1 and STEP2, a pan-European payment infrastructure system for mass payments in euro, which provides full reach to all financial institutions across Europe processing credit transfers and direct debits in euro. This means that more than 4,800 financial institutions in all SEPA countries are currently reachable via STEP2.
With the support of 39 funding institutions from across SEPA and its technology partner Nexi, EBA CLEARING in 2017 implemented RT1, a pan-European real-time payment infrastructure platform for euro transactions. The system is open to any PSP adhering to the EPC’s SCT Inst Scheme and handles instant payments in line with the scheme.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
